Settings8H · net · $10k
Funding arb · Price arb /

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0320%/8h= +35.0% APRnext payment +$0.40 per $10,000 · paid last 24h +0.028%
Price spread now: GMX against Aftermath Perps+0.241%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and GMX is 0.241% dearer against Aftermath Perps than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.464−0.0162get 0.0020% / 1h31m 11s$22K$21K10x
ShortGMX HYPE/USD [WBTC.b-USDC]93.689L +0.0335% / S −0.0158%get 0.0020% / 1h31m 11s$1.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Aftermath Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$67.18
Price spread: +0.241% → 0.000%
$24.07
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee GMX: 6 bp × 2 orders
−$12
Net
$70.25
Costs to cover
0.210%
Break-even
from the start
Slippage unknown: Aftermath Perps: no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell GMX no order-book sample
Aftermath Perps and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPE on 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.0888%1h93.597+0.143%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.533+0.074%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSDlong−0.0162%1h93.464long leg$22K$21K10x
Phemex HYPEUSDT−0.0112%8h93.655+0.205%$12.7M$2.7M50xas long as short
Ondo Perps HYPE-USD.P−0.0089%1h93.560+0.103%$701K$988K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.675+0.226%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0064%1h93.697+0.250%$86K$351K20xas long as short
Backpack HYPE_USDC_PERP−0.0059%1h93.619+0.166%$7.8M$10.4M20xas long as short
Orderly PERP_HYPE_USDC−0.0057%4h93.638+0.186%$156K$651K20xas long as short
Gate HYPE_USDT−0.0052%4h93.677+0.228%$44.5M$54.7M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0024%4h93.678+0.230%$8.8M$36.1M300xas long as short
dYdX HYPE-USD0.0000%1h93.622+0.169%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.668+0.219%$22K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.691+0.243%$26K150xas long as short
Bybit HYPEUSDT+0.0006%8h93.643+0.192%$321.6M$282.6M75xas long as short
BingX HYPE-USDT+0.0006%4h93.672+0.223%$53.9Mas long as short
MEXC HYPE_USDT+0.0054%4h93.680+0.231%$88.1M$82.7M100xas long as short
Bullet HYPE-USD+0.0055%1h93.673+0.224%$112K$578K20xas long as short
Binance HYPEUSDT+0.0056%4h93.674+0.225%$381.1M$902.2M75xas long as short
edgeX HYPEUSDC+0.0059%4h93.458−0.007%$5.1M$30.0M30xas long as short
Phoenix HYPE+0.0060%1h93.705+0.258%$211K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0066%8h93.670+0.221%$115.2M$310.2M50xas long as short
Derive HYPE-PERP+0.0079%1h93.634+0.182%$16.2M$7.7M10xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.695+0.247%$340K$165K20xas long as short
Lighter HYPE+0.0096%1h93.683+0.235%$16.4M$62.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.682+0.233%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.675+0.226%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.677+0.228%$398K$177K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.660+0.210%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.644+0.192%$5.7M$45.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.777+0.335%$2.05B$670.4M10xas long as short
Pacifica HYPE+0.0100%1h93.674+0.225%$10.1M$14.8M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.665+0.215%$46.2M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.681+0.232%$226.6M$99.6M75xas long as short
Variational Omni HYPE+0.0100%8h93.610+0.157%$31.0M$54.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.468+0.005%$7.5M$48.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.468+0.005%$338K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.655+0.205%$668K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.706+0.259%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.708+0.261%$469K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.645+0.194%$79K$172K20xas long as short
SunX HYPE-USDT+0.0100%4h93.749+0.305%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.652+0.201%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.348−0.124%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.627+0.175%$18.3M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.720+0.274%$4.9M$5.6M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.610+0.156%$30K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.701+0.254%$2.7M$6.7M20xas long as short
HTX HYPE-USDT+0.0217%4h93.807+0.367%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0254%1h93.678+0.229%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0267%8h93.719+0.273%$1.9M$5.1M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]shortL +0.0335% / S −0.0158%1h93.689+0.241%$1.4M100x
Deribit HYPE_USDC-PERPETUAL+0.0486%1h93.767+0.324%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0680%1h93.751+0.307%$20.9M$30.1M50xas long as short